Lee, J Brand, Joe's Jeans, Paper Denim & Cloth, Levi's, Wrangler, and many others are all producers of jeans. J Brand jeans sell for about $200 a pair. What would happen if J Brand priced their jeans at $220 per pair?
A) They would sell fewer jeans because demand is elastic.
B) They would not sell any jeans.
C) They would sell more jeans.
D) They would sell fewer jeans because demand is perfectly elastic.
A
Economics
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________: the assumption that all other factors that might affect demand are held constant during the time period
Fill in the blank(s) with correct word
Economics
By summing the quantities demanded by individuals at each price we obtain the
A. market demand curve. B. market supply curve. C. equilibrium price. D. individual demand curve.
Economics